Sungard Availability Services to sell US colocation and network business to 365 Data Centers
- Published: Thursday, 04 August 2022 07:56
365 Data Centers has announced that it has entered into an Asset Purchase Agreement to acquire Sungard Availability Services’ US colocation and network business.
365 is acquiring the data center facilities and customers in eight strategic edge markets along with its US network infrastructure, routes, and customers. The transaction will complement 365’s existing data center presence in Boca Raton, Bridgewater (NJ), Buffalo, Chicago, Commack (NY), Detroit, Fort Lauderdale, Herndon (VA), Nashville, Philadelphia, New York City, and Tampa, and its interconnected, resilient, low latency, nationwide fiber network.
“This acquisition demonstrates 365 Data Centers’ adherence to its network-centric colocation growth strategy,” said Bob DeSantis, 365 Data Centers CEO. “We have already successfully doubled our business two times since inception in 2017 by acquiring, financing, integrating, and growing quality assets. We look forward to doing the same with the addition of the Sungard AS colocation and network portfolio, which will further enable us to provide quality services, grow our customer base, and deliver exceptional financial performance, all of which benefits our customers, employees, and investors.”
The deal is expected to close during the next three months.